When the government imposes a price floor above the market, Ask an Expert

Economics

When the government imposes a price floor above the market price, the result will be that:

surpluses occur.

shortages become a problem.

supply and demand will shift up to the new equilibrium.

a price ceiling set above the equilibrium price will have no effect on the market equilibrium.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91403051

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